Aviation

Focus on cost reduction amid competition: Jet Airways

DELHI

Jet Airways, which has posted a record quarterly net profit of Rs 467 crore, today said it would focus on cost reduction amid pressure from competitive and structural changes in the domestic aviation sector.

The leading private airline would also be looking at further improving its aircraft utilisation as well as leveraging commercial and operational synergies with UAE’s national carrier Etihad, according to senior officials.

In the three months ended December 2015, Jet Airways posted a “record” net profit of Rs 467 crore on the back of higher passenger traffic and lower fuel costs.

“The competitive and structural changes in the Indian aviation market continues to put pressure… We continue to focus on cost reduction, leverage commercial and operational synergies (with Etihad),” Jet Airways CFO Amit Agarwal said.

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